William Lyon Homes (WLH) Rating Reiterated by Zacks Investment Research

Zacks Investment Research reaffirmed their sell rating on shares of William Lyon Homes (NYSE:WLH) in a research note published on Saturday morning, Zacks.com reports.

According to Zacks, “William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. The Company conducts its homebuilding operations through five reportable operating segments: Southern California, Northern California, Arizona, Nevada and Colorado through the Village Homes brand. William Lyon Homes is headquartered in Newport Beach, California. “

A number of other equities research analysts have also recently weighed in on WLH. Citigroup set a $15.00 price target on shares of William Lyon Homes and gave the company a hold rating in a research report on Friday, February 15th. ValuEngine cut shares of William Lyon Homes from a sell rating to a strong sell rating in a research report on Wednesday, May 1st.

William Lyon Homes stock opened at $19.29 on Friday. The firm has a market cap of $714.19 million, a PE ratio of 7.97 and a beta of 1.68. William Lyon Homes has a 12-month low of $9.85 and a 12-month high of $26.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.33 and a quick ratio of 0.13.

William Lyon Homes (NYSE:WLH) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $455.86 million during the quarter, compared to analysts’ expectations of $410.18 million. William Lyon Homes had a net margin of 4.21% and a return on equity of 9.25%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. As a group, sell-side analysts forecast that William Lyon Homes will post 1.79 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in William Lyon Homes by 843.2% in the first quarter. Versant Capital Management Inc now owns 2,094 shares of the construction company’s stock valued at $32,000 after acquiring an additional 1,872 shares during the last quarter. Bank of Montreal Can lifted its position in William Lyon Homes by 638.7% in the fourth quarter. Bank of Montreal Can now owns 4,004 shares of the construction company’s stock valued at $43,000 after acquiring an additional 3,462 shares during the last quarter. Quantamental Technologies LLC lifted its position in William Lyon Homes by 283.3% in the first quarter. Quantamental Technologies LLC now owns 4,600 shares of the construction company’s stock valued at $71,000 after acquiring an additional 3,400 shares during the last quarter. Globeflex Capital L P lifted its position in William Lyon Homes by 169.5% in the fourth quarter. Globeflex Capital L P now owns 9,066 shares of the construction company’s stock valued at $97,000 after acquiring an additional 5,702 shares during the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new stake in William Lyon Homes in the first quarter valued at $102,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

William Lyon Homes Company Profile

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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